Deal Wrap is updated as of 3 p.m. ET.
– Growthcurve Capital LP a New York-based middle-market firm, acquired PlanHub Inc., a provider of cloud-based construction bidding software, from Mainsail Management Company LLC and other shareholders. Mainsail will retain a minority stake. Terms of the transaction were not disclosed. William Blair and Lincoln International advised GrowthCurve financially, with Davis Polk & Wardwell providing legal counsel. Houlihan Lokey acted as the exclusive financial adviser to PlanHub, while Wilson Sonsini Goodrich & Rosati served as its legal counsel.
– Vanara Capital Management LLC led a $100 million growth funding round for Invisible Technologies Inc., an AI software platform for enterprises. The investment, which includes participation from Princeville Capital, HOF Capital Management LLC, brings Invisible's total capital raised to $144 million.
– GHO Capital Partners LLPagreed to acquire The Assay Depot Inc., which does business as Scientist.com. Ropes & Gray LLP acted as legal adviser, West Monroe Partners LLC acted as due diligence provider, Deloitte Touche Tohmatsu LLC acted as accountant and ClearView Healthcare Partners LLC acted as due diligence provider for GHO. Union Square Advisors LLC acted as financial adviser and Wilson Sonsini Goodrich & Rosati, P.C. acted as legal adviser for The Assay Depot.
– Houston-based Ara Partners Group LLC acquired a majority stake in Microtec Development & Holdings LLC, a Florida-based company specializing in micronization technology for waste glass recycling to decarbonize concrete. The deal's value was not disclosed.
– General Atlantic Service Co. LP agreed to make a strategic growth investment in Osea International LLC, a seaweed-infused skincare brand based in Venice, California. The founders, Jenefer and Melissa Palmer, will retain significant stakes and continue to lead the company. Following the close of the transaction, private equity firm CAVU Consumer PartnersLLC will fully exit its investment. Transaction terms were not disclosed. Raymond James acted as the exclusive financial adviser to OSEA, with Sidley Austin LLP providing legal counsel. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to General Atlantic.
– Sheridan Capital Partners invested in National Care Systems, or NCS, a provider of revenue cycle management software for skilled nursing and assisted living facilities across the US. Financial terms of the transaction were not disclosed. Sidley Austin LLP served as legal counsel and Baird acted as financial adviser to Sheridan Capital Partners.
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For more private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.Microtec Development & Holdings LLC
